Spain: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2025

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Spain

In 2022, the Spanish pigments, opacifiers and colours market increased by 46% to $X, rising for the third consecutive year after two years of decline. Overall, consumption enjoyed buoyant growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Spain

In value terms, pigments, opacifiers and colours production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 33% against the previous year. Pigments, opacifiers and colours production peaked in 2022 and is likely to see steady growth in years to come.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Spain

After two years of growth, shipments abroad of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by -15.1% to X tons in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 16% against the previous year. The exports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, pigments, opacifiers and colours exports fell to $X in 2022. Overall, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.2% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Italy (X tons), India (X tons) and Turkey (X tons) were the main destinations of pigments, opacifiers and colours exports from Spain, with a combined 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +16.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pigments, opacifiers and colours exported from Spain were India ($X), Italy ($X) and Brazil ($X), with a combined 39% share of total exports.

India, with a CAGR of +18.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pigments, opacifiers and colours export price amounted to $X per ton, increasing by 6.3% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pigments, opacifiers and colours export price increased by +75.7% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Spain

After five years of growth, overseas purchases of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by -6.9% to X tons in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.7% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by 23%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, pigments, opacifiers and colours imports dropped slightly to $X in 2022. Over the period under review, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2021 with an increase of 73%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), India (X tons) and China (X tons) were the main suppliers of pigments, opacifiers and colours imports to Spain, with a combined 71% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +130.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and India ($X) were the largest pigments, opacifiers and colours suppliers to Spain, with a combined 68% share of total imports.

India, with a CAGR of +111.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pigments, opacifiers and colours import price stood at $X per ton in 2022, increasing by 2.2% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 49% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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